Midwest

StuartCo, Simon Unveil Plans for Residences at Southdale

EDINA, MN-Indianapolis-based Simon Property Group Inc. and Bloomington-based StuartCo are planning for a 232-unit apartment project in Edina.

Belden Stratford Hotel to Become Apartment Building

CHICAGO-Laramar Group, a residential real estate and investment group based in Chicago, is turning the Belden Stratford hotel into an apartment complex with 297 units.

Chicago Office Gets New Tenant; Extends, Expands Another

CHICAGO-BDO USA LLP is moving its Chicago office into 33,267 rentable square feet at the PGRT affiliate owned building, while law firm Patton & Ryan up its lease by 3,000 square feet and extend its term.

McShane Hired for Next Phase of $183M Wells Redo

CHICAGO-The former large housing project has finally been fully demolished, and this next building will include mixed-income housing and a medical office.

Panel To Consider $73M Wrigleyville Apartment Project

CHICAGO-The Chicago Plan Commission is set to consider a proposed plan for an apartment project at the northwest corner of Halsted Street and Bradley Place in Wrigleyville.

Dominion Explores Plans for Milwaukee Apartment Building

MILWAUKEE-Shorewood-based Dominion Properties LLC is planning to construct an apartment building in Milwaukee.

Mandel Group Picks Up Rivers Edge Apartments for $29M

WAUKESHA, WI-Mandel Group Inc. has acquired a 340-unit apartment complex in downtown Waukesha from companies created by developer Bryce Styza.

Failed Big Box Wonder! Store Liquidates

DEERFIELD, IL-The company, run by former Walmart and Toys R’ Us executives, only lasted four months, and will now sell its thousands of children’s items for half off in a quick sale.

Dunkirk Realty Acquires Kettering Tower

DAYTON, OH-Plainview, New York-based Dunkirk Realty, a family owned firm run by Albert Macanian along with his sons, has purchased the Kettering Tower, a 29-story office tower in downtown Dayton.

Goldman Sachs Affiliate To Buy 311 W. Monroe Building for $45M

CHICAGO-An affiliate of New York-based Goldman Sachs Group Inc. and Golub & Co. of Chicago will buy a 15-story office tower at 311 W. Monroe St. for approximately $45 million.

World Kitchen to Move its HQ to Columbia Centre III

CHICAGO-World Kitchen LLC is moving its headquarters from 5500 Pearl St. to 9525 W. Bryn Mawr Ave. in Rosemont.

California Investor to Spend $36M on Avalon Lombard

LOMBARD, IL-KBS Legacy Partners Apartment REIT Inc., a California investor, has agreed to pay approximately $36 million for Avalon Lombard, an apartment complex consisting of 256 units at 2101 S. Finley Road in west suburban Lombard.

Following Grubb Exits, Szady Jumps Into New Firm

CHICAGO-Following the exodus from Grubb & Ellis, the local broker is one of the top local execs heading into the new Newmark Grubb firm. He cites more options and leadership for his move from Cushman.

Wichita Partners Plan to Build Second Hotel in Hutchinson

HUTCHINSON, KS-The Wichita partners building the newest hotel in Hutchinson are planning for a scone one.

Teamvantage Plans to Build 93,400-SF HQ in Forest Lake

FOREST LAKE, MN-Teamvantage, a Forest Lake-based custom-molding manufacturer, is planning to construct a new headquarters measuring 93,400 square feet in Forest Lake's industrial park.

Starkey Expands its R&D Space in Eden Prairie

EDEN PRAIRIE, MN-Starkey Hearing Technologies is increasing its research and development operations in Eden Prairie.

National Louis Puts Two Suburban Campuses for Sublease

SKOKIE, IL-National Louis University has placed two suburban campuses totaling approximately 187,000 square feet on the sublease market.

American Greetings Plans to Move from Brooklyn to Westlake

BROOKLYN, OH-The Cleveland Plain Dealer reported that American Greetings Corp. is planning to relocate from Brooklyn to a new building in Westlake in mid-2014.

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.

DEAL-WRAP
Ramco-Gershenson Acquires Four, Sells Two

FARMINGTON HILLS, MI-The locally-based REIT bought four shopping centers in Colorado, Missouri and Wisconsin for $105 million, and sold two in Florida for $5.4 million.

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LAST WEEK'S POLL

Penner, Mirante, D'Arcy . . . High-Level Resignations Mean . . .

GlobeSt.com Viewers See More C-Suite Turnover
NEW YORK CITY-Nearly two-thirds of respondents to a GlobeSt.com poll said recent high-level resignations either portend more to come or prove that the industry needs to work on succession planning.

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Events

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RealShare STUDENT HOUSING


We've gathered 50 of the biggest players in the Student Housing community to discuss the latest trends of the industry: everything from marketing and leasing to what industry leaders have to say to debt and equity to investment sales opportunities.
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Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
November 23, 2011
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

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User's Choice

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.